World markets were mostly higher Tuesday as the coming changing of the guard in the U.S. raised hopes for more support for the economy and more aggressive measures to fight the pandemic.
Benchmarks were higher in Paris, London, Tokyo and Hong Kong but slipped in Shanghai. World markets were subdued on Monday, with U.S. exchanges closed for a holiday.
Signaling determination to move swiftly, President-elect Joe Biden's nominee for treasury secretary, former Federal Reserve chair Janet Yellen, is urging Congress to do more to fight the recession to avoid an even worse downturn.